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Strategies & Market Trends : Classic TA Workplace
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To: JRI who wrote (76555)6/24/2003 10:59:13 AM
From: skinowski  Read Replies (1) of 209892
 
I don't see why it couldn't go up. In any case, in the short term a test of that level gives an attractive risk-reward point for trying the long side, or at least for hedging, if one - like me - is still net short.

I think it is also possible that the rally is over. THe spike high in early June followed by a nice round retest might suffice. Personally, I think that we will see one more leg up, but what I think means very little.
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